Housing sales jump 19%, new supply soars 43% across top 9 cities despite global uncertainty: Report
AI Summary
The Indian real estate sector is booming, with housing sales skyrocketing 19% in the top nine cities during the April-June quarter, reaching over 1.12 lakh units sold. New construction supply surged by 43%, highlighting robust economic fundamentals and consumer confidence. Bengaluru leads in sales, while southern regions and Mumbai show solid demand, indicating resilience despite global economic uncertainties. This surge signals a strong foundation for future growth in the housing market.
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